Precariat
Class of wage-earners in a tenuous job situation close to unemployment From Wikipedia, the free encyclopedia
In sociology and economics, the precariat (/prɪˈkɛəriət/) is a neologism for a social class formed by people suffering from precarity, which means existing without predictability or security, affecting material or psychological welfare. The term is a portmanteau merging precarious with proletariat.[1]
Unlike the proletariat class of industrial workers in the 20th century who lacked their own means of production and hence sold their labor to live, members of the precariat are only partially involved in labor and must undertake extensive unremunerated activities that are essential if they are to retain access to jobs and to decent earnings. Classic examples of such unpaid activities include continually having to search for work (including preparing for and attending job interviews), as well as being expected to be perpetually responsive to calls for "gig" work (yet without being paid an actual wage for being "on call").
The hallmark of the precariat class is the condition of lack of job security, including intermittent employment or underemployment and the resultant precarious existence.[2] The emergence of this class has been ascribed to the entrenchment of neoliberal capitalism.[3][4]
Some theorists suggest that the young precariat class in Europe has become a serious issue in the early part of the 21st century.[5] This has been linked with major mass political developments including the Brexit referendum[6][7] in the United Kingdom, and the presidency of Donald Trump[6][7] in the United States.[8][9] The global COVID-19 pandemic has particularly exacerbated food insecurity in the United States.[10] A survey conducted by the European Council on Foreign Relations discovered that only one third of Germans and one quarter of Italians and French had enough money remaining at the end of the month for discretionary spending.[11]
The British economist Guy Standing has analysed the precariat as a new emerging social class in work done for the think tank Policy Network and the World Economic Forum.[8] In his 2014 book entitled A Precariat Charter he argued that all citizens have a right to socially inherited wealth.[12][13] The latest in the series is titled The Precariat: The New Dangerous Class[2][14] where he proposed basic income as a solution for addressing the problem.
The analysis of the results of the Great British Class Survey of 2013, a collaboration between the BBC and researchers from several UK universities, contended there is a new model of class structure consisting of seven classes, ranging from the Elite at the top to the Precariat at the bottom.[15] The Precariat class was envisaged as "the most deprived British class of all with low levels of economic, cultural and social capital." This was contrasted with "the Technical Middle Class" in Great Britain in that instead of having disposable income but no interests, people of the new Precariat Class have all sorts of potential activities they like to engage in but cannot do any of them because they have no money, insecure lives, and are usually trapped in old industrial parts of the country.
The precariat class has been emerging in societies such as Japan, where it includes over two million so-called "freeters" who are unemployed and out of school.[16] In the West, a similar group of people are called NEETs.
- Asset poverty – Economic and social condition
- Bagholder – Slang for shareholder left holding worthless stocks
- Cost of living – Cost to maintain a standard of living
- Criticism of capitalism – Arguments against the economic system of capitalism
- Dead-end job – Job with little chance of advancement
- Discrimination against autistic people
- Dispossession, oppression, and depression – State of low mood and aversion to activity
- Division of labor – Separation of tasks in any system so that participants may specialise
- Economic inequality – Distribution of income or wealth between different groups
- Economic security – Socioeconomic and personal finance concept
- Endo contractualization – Form of exploitative temporary employment
- Gig worker – Independent on-demand temporary workers
- Involuntary unemployment – Condition in which a person is unemployed despite being willing to work
- Kitchen sink realism – British social realist artistic movement
- Living wage – Minimum income to meet a worker's basic needs
- Lumpenproletariat – Marxist term to describe the underclass
- McJob – Pejorative work-related slang
- Minimum wage – Lowest remuneration which can be paid legally in a state for working
- Policy Network – International think tank
- Precarious work – Type of non-standard or temporary employment
- Pre-distribution – Fiscal policy idea; holds that government should prevent rather than remedy inequalities
- Reserve army of labour – Marxian economic concept
- Social vulnerability – Dimension of vulnerability to multiple stressors
- Survival of the fittest – Phrase to describe the mechanism of natural selection
- Tang ping – Personal rejection of societal pressures to overwork and over-achieve ("lying flat")
- UK cost of living crisis – Ongoing cost-of-living crisis in the United Kingdom
- Universal basic income – Welfare system of unconditional income
- Victimology – Study of victimization
- Workforce casualisation – Shift from stable to often contractual labor relations
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